Commit To Purchase AZZ At $45, Earn 6.6% Annualized Using Options
October 07, 2015 at 11:42 AM EDT
Investors considering a purchase of AZZ Inc (AZZ) stock, but tentative about paying the going market price of $53.14/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2016 put at the $45 strike, which has a bid at the time of this writing of $1.85..